Pair : XAUUSD ( Gold / U.S Dollar ) Description : Lower High - Lower Low Daily Descending Trend Line Break of Structure Falling Wedge in STF as an Corrective Pattern Demand Zone
😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: A bullish Choch was completed on July 18th. 🟢 Swing Move: After Choch The corrective phase is nearing its target zone. 🟢 Inducement: Waiting for a reversal inducement to confirm the low and enter an impulsive move. 🟢 Pullback: Following a substantial corrective swing, the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Strong Support Level Bearish Channel in STF as an Corrective Pattern RSI - Divergence Head and Shoulder Break of Structure
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Consolidation Phase Completed " 12 " Impulsive Wave Strong Support Bearish Channel in LTF Break of Structure
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure Support Level Bearish Channel in STF with the Breakout of the Upper Trend Line and Completed the Retracement Divergence - RSI Fibonacci Level
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Wave " 12345 " and Correction " ABC " and Forming its Next Impulsive Wave Bullish Channel Pattern in Short Time Frame and Long Time Frame as an Corrective Pattern with the Breakout of the LTL in LTF and Rejection from LTL in STF Strong Support Level ( 1925 / 1930 )
World gold price listed on Kitco is at 1,942 USD/ounce, up 8 USD/ounce compared to the early hours of yesterday morning. December gold futures last traded at $1,976.1 an ounce, up $7.3. According to some market analysts, the gold market may be struggling to find traction as inflation remains a major concern and could force the US Federal Reserve (Fed) to continue...
On the world market, spot gold on Kitco 5/8 traded at 1,942 USD/ounce. Gold price is maintaining at an important resistance level, in the context of the US labor market falling in July, inflationary pressure is still present. ANZ analysts said that the Fed's actions related to the view of adjusting interest rates in the near future could limit gold's rally. Gold...
The current world gold price on Kitco is 1,934.7 USD/ounce, down 10.9 USD/ounce compared to the previous session. Within just two trading sessions, the price has dropped by more than 23 USD/ounce. The gold market is facing challenges due to inflation, a strong labor market and strong economic activity, supporting the Federal Reserve's aggressive monetary...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Head and Shoulder Break of Structure Completed " 12345 " Impulsive Wave and " A " Corrective Wave Demand Zone Bullish Channel as an Correction in Short Time Frame
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Correction in Short Time Frame Fibonacci Level - 61.80% RSI - Divergence Competed " 12345 " Impulsive Wave and " ABC " Correction Break of Structure Falling Wedge in LTF and Rejection from LTL
Falling Wadge, in my opinion this pattern is formed for now. I am still positive with the analysis that gold is still bullish. The price is seen in the SND area and right in the fibo retrace area 0.382. If this area is responded positively by price, then we wait for the Bullish candle as the beginning of reversal.
Gold price is higher above $1970 during early New York trading session ahead of the Fed. Fed Powell’s speech will be crucial for gold buyers as 0.25% rate hike priced in. XAUUSD tested 1950 support and bounced yesterday which opened the path to $1970. However, a supply zone from May, around $1983 - 1987, appears a tough nut to crack for the XAUUSD bulls. We will...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel in STF as an Corrective Pattern Completed " 12345 " Impulsive Wave Break of Structure RSI - Divergence Fibonacci Level - 61.80%
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
After taken liquidity of the buside and breakout of structure and rejection of the ordre block we will see a drop of the price to taken liqudity of the sell side - Trading is probality control you risk management Good Luck !
Last weekend Gold fell more than bullish trendline, it could be that at this time the price entered into the correction period. If you see, the price is held strong enough in the resistance area which in my opinion is also a liquidity area. Usually areas like this in the future will be pierced. Therefore, I try to add Elliot notation to this analysis chart,...